You are here: Home » News-ANI » Business
Business Standard

Industrybuying introduces 'quote only' feature on selected categories

ANI  |  New Delhi [India] 

India's leading B2B e-commerce startup industrybuying announces introduction of 'Quote only' feature on its platform for select categories. The development comes in order to fulfill the customers' (bulk buyers) requirement for a few special categories like steel, construction and raw materials.

These categories have a frequently changing market price with higher GMV transactions, and customers usually look for best quotes before confirming the order. The 'Quote only' product feature ensures that customers get the best available and negotiated prices for their purchases.

"Request for Quote is nothing new to B2B customers, but for Indian B2B e-commerce it is unique and we are glad to be the first movers in this domain as the only e-commerce company to have both instant purchase option with pre-specified prices and request for quote option on its platform. This is another step from us to ensure that we meet the expectations of an SME or an Industrial Buyer," said Co-founder Industrybuying, Rahul Gupta.

"There are a few categories such as steel and construction raw materials etc. for which the prices are volatile in nature and fluctuate on a regular basis as per the market scenario. Hence, it was imperative for us to introduce a solution like 'quote only' for such products," he added.

This feature takes care of requirements of buyers of industrial products where fixing a set price is difficult and it allows customers to get the best possible rate for their bulk order. The customer will have an option to 'ask for quotes' instead of 'buy now' or 'add to cart'. Once a customer requests for a quote, they will be provided the best possible rate within a few hours.

Industrial products are often purchased after a ''request for quote'' by buyers since they require a quotation with elaborate specifications to define the product. Earlier, the company had also introduced offline features such as bulk buying, inventory liquidation through its e-commerce platform.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, September 17 2016. 11:36 IST